CrossAmerica Partners LP Continues Quarterly Distribution Payments
Quarterly Distribution Announcement: CrossAmerica Partners LP has approved a quarterly distribution of $0.5250 per unit for the third quarter of 2025, payable on November 13, 2025, to unitholders of record on November 3, 2025.
Earnings Conference Call: The company will host a conference call on November 6, 2025, at 9:00 a.m. Eastern Time to discuss its third quarter earnings results, which will be released on November 5, 2025.
Company Overview: CrossAmerica Partners LP is a major wholesale distributor of motor fuels and convenience store operator, with a presence in 34 states and relationships with several major oil brands, including ExxonMobil and BP.
Forward-Looking Statements: The release contains forward-looking statements regarding the company's expectations, with a caution that actual results may differ from projections due to various factors.
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- Leadership Transition: New CEO Maura Topper expressed gratitude towards former CEO Charles Nifong during her first earnings call, while introducing Interim CFO Jon Benfield, indicating a proactive shift in leadership aimed at enhancing management efficiency and strategic execution.
- Strong Financial Performance: The first quarter of 2026 saw a record adjusted EBITDA of $35 million, representing a 45% increase compared to Q1 2025, reflecting robust gross profits from the retail segment and effective expense control, indicating the company's strong profitability in a competitive market.
- Retail Segment Growth: Retail segment gross profit increased by 18% to $74.3 million, despite a 7% decline in same-store sales volume; however, overall inside sales rose by 2% due to successful promotions on breakfast sandwiches and chicken tenders, showcasing effective product marketing strategies.
- Asset Disposition and Debt Management: The company sold 16 properties in Q1, realizing approximately $12.7 million in proceeds primarily used for debt repayment, while reducing its operational sites to 340, demonstrating ongoing efforts to optimize its asset portfolio and manage financial leverage.
- Quarterly Distribution Announcement: CrossAmerica Partners LP has declared a quarterly distribution of $0.5250 per unit for Q1 2026, annualizing to $2.10 per unit, reflecting the company's stable cash flow and profitability.
- Payment Schedule: The distribution is set to be paid on May 14, 2026, to all unitholders of record as of May 4, 2026, ensuring timely returns for investors and bolstering investor confidence.
- Conference Call Arrangement: The company will host a conference call on May 7, 2026, at 9:00 a.m. Eastern Time to discuss Q1 earnings results, which is expected to further enhance market interest in the company's performance.
- Market Position: CrossAmerica Partners ranks as one of the leading wholesale distributors of motor fuels in the U.S., operating in 34 states with approximately 1,600 locations, demonstrating its strong competitive position and market share in the industry.
- Earnings Announcement: CrossAmerica Partners LP will release its Q1 2026 earnings results after market close on May 6, providing crucial financial data that reflects the company's operational status and aids investors in assessing market performance.
- Conference Call Details: Management will host a conference call on May 7, 2026, at 9:00 a.m. Eastern Time, with investors able to dial in at 800-717-1738 or 646-307-1865 using passcode 292954, ensuring transparency and timely communication of information.
- Webcast Availability: A live audio webcast of the conference call and related financial materials will be available on the same day, allowing stakeholders to access the latest financial information and reconciliations of non-GAAP financial measures, enhancing investor engagement.
- Company Background: Established in 2012, CrossAmerica Partners is a leading wholesale distributor of motor fuels in the U.S., covering 34 states with approximately 1,600 locations, and has solid partnerships with major oil brands, underscoring its significant position in the industry.
- Executive Transition: CrossAmerica Partners announced that Maura Topper will become the President and CEO of the General Partner effective March 2, 2026, succeeding Charles Nifong, who has held the position since November 2019, indicating a significant leadership shift within the company.
- Financial Leadership Experience: Topper has served as CFO of CrossAmerica GP since August 2021 and previously held the role of Vice President and CFO at Dunne Manning, bringing a wealth of financial expertise that will aid the company's strategic development moving forward.
- Interim CFO Appointment: Jonathan Benfield has been appointed as the interim Chief Financial Officer of the General Partner, succeeding Nifong, ensuring financial stability and operational continuity during this transition period.
- Strategic Direction: This executive change may signal CrossAmerica Partners' intention to strengthen asset sales to optimize its balance sheet and retail exposure, reflecting the company's keen responsiveness to market dynamics.
- Leadership Transition: CrossAmerica Partners LP announces the appointment of Maura Topper as the new President and CEO, succeeding Charles Nifong, who has held the position since 2019, marking a significant leadership change aimed at driving future growth and development.
- Strategic Focus Shift: During Nifong's tenure, he successfully guided the company back into retail operations and completed several historic transactions, demonstrating effective leadership in asset optimization and strategic transformation, laying a solid foundation for the new CEO's tenure.
- Financial Leadership Experience: Maura Topper has served as CFO since 2021 and possesses extensive financial management experience, with the board unanimously believing she is the best candidate to lead the company into its next phase, indicating continued growth momentum.
- Interim CFO Appointment: Concurrently, Jonathan E. Benfield has been appointed as the Interim CFO of the General Partner, ensuring financial stability during the leadership transition, reflecting the company's commitment to ongoing operations.
- Retail Profit Growth: CrossAmerica Partners reported a retail segment gross profit of $82.9 million in Q4 2025, reflecting a 10% year-over-year increase driven by improved retail fuel margins, indicating enhanced competitiveness in the market.
- Record Asset Sales: The company achieved over $100 million in asset sale proceeds in 2025, marking a historic high, and plans to continue utilizing these funds for business investments and strengthening financial flexibility to support future growth.
- Significant Cash Flow Improvement: Distributable cash flow rose 35% to $28.5 million in Q4, with operating expenses declining for the fifth consecutive quarter, demonstrating the company's ongoing commitment to cost control and operational efficiency.
- Future Outlook: Management anticipates continuing asset divestitures and class of trade conversions in 2026, albeit at a reduced pace compared to 2025, aiming to enhance long-term financial health through optimized asset value.







